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Fake currency of Rs 12,83300 recovered in J&K in 2020

The data further divulged that the fake currency was recovered in 10 cases and FIRs were lodged in different police stations across the Union Territory under Indian Penal Code (IPC).

Jammu: With strict measures and precautionary measures, the concerned authorities in Jammu and Kashmir has recovered fake currency of Rs 1,283300 across the Union Territory.

As per the data accessed by the TheDispatch, fake currency of Rs 1,283300 recovered in the different cases across the Union Territory.

“The fake currency was recovered in 2628 notes of different denominations,” the data revealed.

The data further divulged that the fake currency was recovered in 10 cases and FIRs were lodged in different police stations across the Union Territory under Indian Penal Code (IPC).

The data further revealed that fake currency include denominations of 289 notes of Rs 20000, 1006 notes of Rs 5000, 690 notes of Rs 200 and 643 notes of  Rs 100

It is pertinent to mention here that, the volume of fake Indian currency shot up to record levels even during the year when the country shut down due to the Covid-19 pandemic.

In what is perhaps the highest ever Fake Indian Currency Notes (FICN) ever seized in one calendar year, Rs 92.17 crore in fake notes were seized across the country in 2020, according to data released by the National Crime Records Bureau (NCRB).

What is perhaps even more remarkable is that most of those fake currency notes, worth Rs 83.61 crore were recovered from just one state — Maharashtra.

The number of such notes was a staggering 6,99,495. In other words, over 90% of all fake currency seized in the country was seized from just one state.

The state second on this dubious list was West Bengal, where fake currency worth Rs 2.46 crore was seized. Andhra Pradesh with nearly Rs 1.4 crore and Tamil Nadu with recovery of nearly Rs 1 crore in fake notes were placed fourth and fifth on the list, respectively.

The haul of Rs 92.17 crore is also the record for the most FICN recovered in a year after the Modi 1.0 government had announced the historic demonetisation move on November 8, 2016, during which one of the reasons attributed for scrapping old Rs 500 and Rs 1,000 notes was wiping out fake currency notes in circulation.

Among the Union Territories, most of the fake currency was recovered from Delhi was nearly Rs 4 lakh in fake currency was recovered.

A total of 8,34,947 fake currency notes worth Rs 92.17 crore were seized in India in 2020. A total of 385 FIRs were filed and cases were registered against 633 people in connection with these fake notes.

According to NCRB’s previous records, FICN worth Rs 25.39 crore was seized in India in 2019 and FICN worth Rs 17.95 crore was seized throughout the country in 2018. In 2019, the state from where most of the fake currency was recovered was Karnataka. The total haul was worth Rs 4.78 crore.

 

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